Should New Zealand raise taxes on the rich?
Australia currently has a progressive tax system whereby high income earners pay a higher percentage of tax than low income tax. A more progressive income tax system has been proposed as a tool towards reducing wealth inequality.
@8DL6BJT4yrs4Y
Increasing taxes on the rich forces them to take their money overseas where the government can't get it. We should incentivise rich individuals to spend their money here while cracking down on loopholes that allow massive corporations to pay nothing in tax
@8D7G8QQ4yrs4Y
Add another top tax bracket and increase taxes on that top tax bracket
@8H8G3834yrs4Y
Introduce Capital Gains Tax to fund infrastructure. Increase tax of wealthy and reduce tax for low discretion income earners. Separate all social benefit funding from political impact.
@8F5BS9K4yrs4Y
Yes, although this should focus on taxing forms of income not currently taxed effectively.
@8DMBTCR4yrs4Y
The top 2% should pay higher taxes
@8CJ3N7W4yrs4Y
Yes we need to be as savage as Michael Joseph Savage
@8D2BCS44yrs4Y
It should be $18,000 tax free like Australia. The will help the poor and middle class as the first $18, 000 for all income earners will be $nil tax rate. Tax higher income at $100,000 then $120,000 then $150,000 then $180,000 and so on. Any NZer with tax parked in tax haven should be told to go and live in the tax haven and strip their citizenship off them. They don't contribute to NZ.
@8GRQRF24yrs4Y
Yes, but also update the tax brackets to fit with inflation
@8G8FDQX4yrs4Y
Have a fair tax system where no one can hide their income. I know too many business owners that have all their assets and income go into a trust so it is hidden. Close the loop holes.
@9HK9YD6 5mos5MO
The tax and fine beyond of unexcused by seats legend former US president Donald Trump and former UK prime minister Boris Johnson hoping stands personal large tax
if u make enough money too be able too give you should want too. but i also believe in working for Ur own self.
@9G6TG8B7mos7MO
yes, but the salery brackets for each tax rate need to be increased as they have not kept up with inflation
Lower the income tax rate and remove tax completely from overtime hours - how are we supposed to get ahead when being taxed so much more when working more??
@9G5WM9Q7mos7MO
Lower income taxes, but add taxes for high income earners where their use of goods and services, or impact on infrastructure etc. is greater than the average individual.
@9G5QXZ97mos7MO
Yes, but make more brackets for higher earners to make it fairer. Lower tax rate for lower earners, and only tax after first 15,000 per annual. earned.
@9G5QQST7mos7MO
Remove tax from essentials like food water heating(Power) tax luxury items cigarettes alcohol and high bracket companies
@9G5JD4L7mos7MO
No but provide more realistic margins by which we pay tax. It no longer matters what you make when tax, acc and the cost of living don’t align with this; everybody loses. At this point making taxes lower for the poor only increases hardship on the middle because of it what requires to stay in the middle.
@9G5HQ727mos7MO
I think that takes should stay the same but there should be a way to help the poor with their taxes if they are really struggling and if the rich want.
@9G5FKRM7mos7MO
we should based on their incomes because if we just suddenly raise their taxes and lower the poor .
some people might find unfair buf for me we should lower the taxes to the poor since some of the poor have been working hard but half of their money goes to taxes and also fo their groceries all the things they need until nothing left to thei money to save
@9G4MBY37mos7MO
Just make the 'rich' (including international companies trading in NZ) pay what thier fair share as some 'rich' are paying as low as 9% tax
@9G4HWDY7mos7MO
Yes, and introduce a luxury items tax, lower income tax for lower income earners and remove tax loopholes for large corporations
@9G4BFKC7mos7MO
all tax charges should be even, not charging the rich more just because they have higher in comes, and lowering taxes for unemployed people or lower paid people.
Have a tax free bracket for incomes less than $50,000 and add taxes for those earning more than $500,000 and remove loopholes for large corporations - any business trading here pays tax here.
No but change the system as it is clearly not working. Try progressive like Australia. Or what are other countries doing?
I think NZ should view how the uk operates their income tax structures with brackets and allowances. This will also tax higher income earners more and provide the poorer public more rest bite
The rich have worked hard for there money, why should they be taxed more for it? Unless they’re a multimillionaire then I feel they should be taxed more.
Reform tax brackets in line with inflation
Yes and lower tax on middle class income.
All taxes should be the same no matter who's rich and who's not. Taxes should be high or low enough to fit everyone's benefits.
They need to change the tax brackets
Yes but on expenditures not on perceived wealth
Maybe, Depends on how they propose to do it
Yes and add taxes to everyone owning more than one house, rental, baches etc.
@9FFNQFX7mos7MO
I agree with options 6 and 7.
Tax higher incomes more, reduce tax for lower incomes.
@9FFNBPQ 7mos7MO
Possibly but depends on their business, gifting etc. Lower for poorer
@9FFMF447mos7MO
Remove secondary tax then people can improve their financial situation by effort rather than supplementary income
@9FFHKC4New Zealand First7mos7MO
Yes, raise it for the very rich, and lower it for the very poor
Stop gst on fruit, veg, necessities
There needs to be more tax brackets for the super wealthy earning 250k plus
@9FDXQFF7mos7MO
Yes, through wealth, capital or land value tax but with no increase to income tax.
@9FCFJJT7mos7MO
Raise tax on large companies if they earn a certain high percentage of profit off of nz citizens
@9FCFHRF7mos7MO
Yes - raise all income brackets and put in a higher new level where tax is higher. Corporations need to be taxed more equitably and innovative start-ups be incentivised.
@9FCB26PTe Pāti Māori7mos7MO
Look at all tax brackets and actually tax for a better future outcome not the personal pocket
Lower the income tax for middle income who benefit from no changes
Introduce a tax free income level, and raise taxes on the higher brackets. Target tax avoidance through Family Trusts and other 'legal' methods for avoiding Tax.
@9FBW88ZOpportunities7mos7MO
lower income tax, introduce capital gains, to the extent that those with family homes aren't affected
@9FBVKNQOpportunities 7mos7MO
Only if the rich counts as over 400k per year in income
Increase taxes on the rich (income, wealth, capital gains, land, etc) and reduce taxes on the poor
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